In a bid to rejuvenate Nigeria’s ailing economy, President Bola Tinubu has presented a comprehensive 8-point agenda during the first Federal Executive Council (FEC) meeting of his administration.
Addressing the challenges inherited by the government, which include a 24% inflation rate and high unemployment, the President emphasized the importance of restoring economic stability and creating an environment conducive to growth.
The 8-point agenda is centered around key priority areas: ensuring food security, ending poverty, driving economic growth and job creation, improving access to capital, particularly consumer credit, promoting inclusivity with a focus on youth and women empowerment, enhancing security, fostering a conducive environment for business operation, upholding the rule of law, and intensifying the fight against corruption.
To underscore his commitment to transparency, President Tinubu directed the Federal Ministry of Foreign Affairs to halt visa processing for government officials planning to attend the United Nations General Assembly (UNGA) in New York unless they have a specific role or proof of direct participation. This directive aligns with the broader effort to reduce the cost of governance and enhance accountability.
The President also expressed his resolve to create approximately 50 million jobs through the Ministry of Trade and Investment. This commitment underscores his dedication to addressing unemployment and harnessing Nigeria’s human capital potential.
President Tinubu conveyed his expectations to the cabinet members, urging them to roll out policies and programs that will drive economic transformation and improve the lives of Nigerians.
He emphasized the importance of creating a stable macroeconomic environment to attract local and foreign investment and spur production.
In this pivotal moment for the nation, the President urged his cabinet to be innovative, bold, and courageous in their approach to deliver positive changes.
He highlighted the role of each minister in achieving Nigeria’s economic turnaround and emphasized the need for practical interventions that benefit all segments of society, especially the poorest and most vulnerable.
President Tinubu’s vision for economic prosperity underscores the government’s commitment to addressing various challenges and leveraging Nigeria’s potential for growth.
By setting clear priorities and expectations, the administration aims to usher in a period of transformation and development for the country.